Five homebuying misconceptions to avoid
Last updated 2/24/2022 at 4:38pm
Special to the Village News
It's common for both first-time homebuyers and experienced homeowners to feel overwhelmed by the process of purchasing a house. Plus, myths and misconceptions often make the experience even more confusing.
Myths like: "Renting is cheaper than buying." "You need a credit score of 700 to get a loan." "You shouldn't buy in a seller's market." Have you come across any of these?
If you're thinking of buying this year, don't let these misleading ideas deter you from your goals.
Myth #1: You need a certain credit score. While mortgage programs do have cr...